Ghana: Kwame Ntow Amoah Replaces Edward Bawa As New Acting CEO Of GNPC
The Ghana National Petroleum Corporation (GNPC) has announced the appointment of Mr Kwame Ntow Amoah as its new acting Chief Executive Officer (CEO), replacing Edward Abambire Bawa who has been reassigned to GOIL PLC after serving as an acting CEO of the corporation for less than a month.
Mr Amoah brings over 25 years of experience to the table in the oil and gas sector, having served as a Deputy Chief of GNPC in charge of Commercial and Corporate Services between 2016 and 2017.
In 2017, Mr Amoah was reassigned to the Ministry of Energy, currently Ministry of Energy and Green Transition, and held the position of Director of Petroleum.
Besides, he has served as chairman and member of various national, international,
and industrial boards and committees.
He has played a pivotal role in international arbitration cases involving Ghana.
His contributions include serving as Technical Advisor for Ghana in the Maritime Boundary Case, which the country won on September 23, 2017.
His efforts have led to securing significant investments, savings, and
financing for both GNPC and the country.
He played a key role in attracting investments leading to the exploration successes that established Ghana as a commercial oil production province.
He was also instrumental in securing approximately US$7 billion in investment for the Sankofa Oil and Gas Development Project backed by US$700 million in partial risk guarantees from the World Bank.
He holds an MBA from IMD, Switzerland, and a Bachelor of Arts (Hons.) degree in Economics and Statistics from the University of Ghana.
He has also participated in various international leadership and management training programmes, as well as specialised courses in energy and petroleum management.
In a statement issued by Eric Pwadura, Manager Corporate Affairs, GNPC extended its heartfelt congratulations to Mr Amoah on his appointment and looked forward to his leadership in advancing the strategic vision of the corporation.
“We are confident his expertise and dedication will drive GNPC’s continued growth and success,” said Eric Pwadura.
Source: https://energynewsafrica.com
Botswana: TLOU Energy To Build Gaspowered Data Center At Lesedi Project
Australian-based energy firm, Tlou Energy, has signed an agreement to build a data center at its gas production site in Lesedi, Botswana. The facility will be powered by gas-generated
electricity from Tlou’s coal bed methane (CBM) production.
Under the non-binding agreement with an unnamed data center developer, the Lesedi site will host a “highdensity computational facility.” While specific technical details have not been disclosed, Tlou Energy confirmed that a proof of concept has been completed.
The data center developer will fund additional gas wells to scale up production in anticipation of both the data center and Tlou’s 10MW gasto-power project, which was launched last year. The project, which extracts methane gas from underground coal, aims to expand to 25MW in the coming years.
The Lesedi Power Project is situated in Botswana’s Central District, approximately
100 kilometers (62 miles) northwest of Serowe. This location provides direct access
to Botswana’s national power grid and the Southern African Power Pool, making it a prime site for energy distribution.
Tlou Energy stated that the data center will have the capability to take gas-generated electricity in smaller tranches than a traditional power station. This means flared gas from the dewatering process can be utilized to generate revenue instead of being wasted.
Botswana currently has a small data center market, with only local operators Nashua Nest
and Digital Delta present in the capital, Gaborone.
The latter facility was developed by the Chinese firm China Jiangxi International Economic and Technical Cooperation. In late 2023, telecom provider Orange also launched a data center in Gaborone.
Despite the country’s limited data center infrastructure, Tlou Energy’s project signals a shift toward integrating energy solutions with digital infrastructure, further positioning Botswana as a growing player in Africa’s energy and technology sectors.
Source: Tuesday Grill
Ghana: Robert Lartey Appointed Acting CEO Of Ghana Gas
President John Dramani Mahama has appointed Ing. Dr. Robert Kofi Lartey as the acting CEO of Ghana National Gas Company Limited, replacing Dr. Benjamin K.D. Asante, who served for eight years under the previous administration.
Dr. Lartey brings over 25 years of experience in the energy sector, having previously worked as General Manager for Operations, Director of Operations, and Senior Manager, Engineering and Operations at Ghana Gas Company.
He played a crucial role in ensuring a reliable supply of economic fuel to Ghana’s power sector.
Upon his appointment, Dr. Lartey met with Ghana Gas management and outlined his vision to support the government’s 24-Hour Economy Programme.
He emphasized the need for safe and reliable gas transportation, constant gas supply to key industries like agriculture and transportation, and expediting projects like the LPG Bottling Plant to create jobs and sustain economic growth.
Dr. Lartey expressed confidence in the expertise and professional backgrounds of the management and staff, urging them to align with the company’s vision for growth and national development.
Source: https://energynewsafrica.com
Gambia: NAWEC Probes Fire Incident Near Basse Power Station
The National Water and Electricity Company (NAWEC) of The Gambia has launched an investigation into a fire incident that occurred near the Basse Power Station on Friday, February 14, 2025, at approximately 11:45 AM.
According to NAWEC, the fire destroyed several cable drums stored adjacent to the power station. Fortunately, the power station itself was not affected by the fire and remains safe, the company assured.
NAWEC’s swift response and investigation aim to determine the cause of the incident and prevent similar occurrences in the future.
Source: https://energynewsafrica.com
NAWEC’s swift response and investigation aim to determine the cause of the incident and prevent similar occurrences in the future.
Source: https://energynewsafrica.com Nigeria: NNPC Debunks Viral Video Claiming Its Fuel Doesn’t Last
The Nigerian National Petroleum Company (NNPC) Ltd has dismissed a viral video circulating online that falsely claims NNPC fuel is of poor quality and doesn’t last.
The company described the allegations as baseless, unfounded, and lacking credibility.
In a statement released on Saturday, February 15, 2025, NNPC Ltd reassured consumers that its fuel is carefully formulated to ensure optimal efficiency, durability, and environmental sustainability.
The company noted that a significant percentage of Premium Motor Spirit (PMS) sold at NNPC retail stations in Lagos, where the video originated, is sourced from the Dangote Refinery, a strategic partner that adheres to strict industry standards.
NNPC Ltd condemned the video as a desperate attempt by economic saboteurs to misinform the public and tarnish the company’s reputation.
The company warned that it will take firm legal action against individuals or groups spreading falsehoods about its brand and operations.
“NNPC Ltd. will take a firm legal action against individuals or groups who intentionally spread falsehoods about our brand and operations. Those engaged in such malicious activities will be held fully accountable unde the law,” the company stated.
NNPC Ltd urged the public to disregard fabricated content and rely on verified sources for accurate information.
The company said it remains committed to ensuring fuel availability, affordability, and quality for all Nigerians while maintaining global industry standards.
Source: https://energynewsafrica.com
Ghana: Kow Eduakwa Sam Appointed CEO Of Bui Power Authority
President John Dramani Mahama has appointed Ing Kow Eduakwa Sam as the new Acting Chief Executive Officer of Bui Power Authority (BPA).
Ing Eduakwa Sam is a seasoned electrical engineer with over 25 years of experience in the power sector.
He replaces Samuel Kofi Ahiave Dzamesi, who served as Chief Executive Officer of BPA from September 3, 2021, under the Akufo-Addo/Bawumia administration.
Prior to his appointment, Ing Kow Eduakwa Sam was the Head of Project Development at VRA.
At a symbolic meeting at the BPA Head Office in Accra on Friday, the outgoing CEO, Ing Samuel Kofi Ahiave Dzamesi, officially introduced Ing Kow Eduakwa Sam to the management and staff of BPA and handed over the company to him.
Samuel Kofi Ahiave Dzamesi expressed his gratitude to the Management and Staff of BPA for their support during his tenure.
He recounted his journey as CEO, which began on September 3, 2021, and highlighted the challenges and achievements of his leadership.
Ing Dzamesi emphasised the importance of teamwork and professionalism, noting that the Authority’s success was a collective one.
He expressed his confidence in the incoming CEO, Ing Kow Eduakwa Sam, describing him as a seasoned professional with extensive experience in the Energy sector.
Mr Dzamasi urged Management and staff to extend their full support to the new CEO to ensure a smooth transition and continued progress for the Authority.
“I am delighted to hand over to Ing Kow Eduakwa Sam, who comes with a wealth of experience from the energy sector. I am confident that he will build on the foundation we have laid and take BPA to even greater heights,” Dzamesi stated.
On his part, the newly appointed Acting Chief Executive Officer of BPA, Ing Kow Eduakwa Sam, expressed his gratitude to His Excellency John Dramani Mahama and Hon. John Abdulai Jinapor, Minster for Energy and Green Transition, for the trust and confidence reposed in him.
He acknowledged the contributions of previous CEOs and commended their achievements in advancing the Authority’s mandate.
“I bring to BPA a wealth of experience and a commitment to firm, fair and proactive leadership. The power sector requires a high level of stakeholder consciousness, and I am determined to ensure that BPA remains responsive to the needs of all stakeholders,” Ing Sam stated.
He also highlighted the importance of innovation and urged the young professionals in the Authority to harness their creativity to drive the organisation forward.
“I see a lot of young talent here, and I encourage you to ignite your innovative spirit. Together, we can position BPA as a leader in the energy sector and a blessing to our nation, Ghana,” he added.
The management and staff of BPA extended their heartfelt gratitude to Ing Samuel Kofi Ahiave Dzamesi for his leadership and welcomed Ing Kow Eduakwa Sam as the new CEO of the Authority.
Profile Of Ing Kow Eduakwa Sam
Ing. Kow Eduakwa Sam is a seasoned electrical engineer with over 25 years of experience in Strategic Leadership, Project and Contract Management, Protection and Control Engineering, Control and Instrumentation Engineering, as well as Technical and Energy Auditing.
He holds an MBA in Management Information Systems from the University of Ghana (2004) and a BSc in Electrical and Electronics Engineering from the Kwame Nkrumah University of Science and Technology (1998).
Additionally, he has earned postgraduate certificates in Project/Investment Appraisal and Risk Management from Duke University (2012) and Power System Analysis from the University of Pennsylvania (2011).
In his most recent role as Head of Project Development at VRA’s Engineering Services Department, Ing. Sam led a team of engineers in identifying and developing bankable conventional and renewable energy projects, including Solar PV and Wind, to expand VRA’s power generation portfolio.
Notable projects developed under his leadership include the Lawra and Kaleo Solar PV projects, as well as the Floating Solar PV project, which is slated for implementation by the end of 2025.
Ing. Sam is credited with the development of VRA’s Project Life Cycle (PLC) and project templates, which guide and standardize the development and implementation of projects at VRA.
Part of his responsibilities included reviewing and auditing VRA’s projects to ensure compliance with the PLC and Procurement Procedures.
He possesses a strong understanding of Strategic Leadership and has acted as Director on various occasions in the absence of the substantive Directors of the Technical Services and Engineering Services Departments at VRA.
Ing. Sam is a member of the Ghana Institution of Engineers.
Source: https://energynewsafrica.com
Ghana: Energy Minister Seeks Collaboration To Revitalize Petroleum Industry
Ghana’s Minister for Energy and Green Transition, John Abdulai Jinapor, has called for collaboration to revive the country’s petroleum sector.
He pledged the government’s commitment to working closely with stakeholders to restore investor confidence and boost production in the upstream oil and gas sector.
During a roundtable discussion with members of the Ghana Petroleum Upstream Chamber in Accra, Minister Jinapor emphasized the need for collective effort to address the challenges facing the sector.
This move aims to enhance production, promote investment, and ensure the sustainable growth of Ghana’s petroleum industry.
Hon. Jinapor acknowledged the challenges facing the sector, including declining crude oil production, regulatory failures, and diminishing investor confidence.
He attributed these setbacks to poor decision-making and opacity in the industry, warning that Ghana’s upstream sector faces an imminent collapse if urgent measures are not taken.
“The petroleum sector, which once showed a promising future, has retrogressed rapidly in recent years, with crude oil production dropping by over 30% with exploration, appraisal, and development are at their lowest since 2017,” he stated.
The Minister in highlighting the importance of the upstream sector to the country’s economy, noted that crude oil contributed about 35% of Ghana’s foreign exchange exports and 20% of domestic revenue in 2022.
He also emphasised the cost-saving benefits of transitioning fully to gas-powered electricity generation, revealing that Ghana spends about $1 billion annually on liquid fuel.
To address the challenges, the Minister announced plans to review the country’s upstream petroleum policies and regulatory framework to ensure fairness, consistency, and transparency. He stressed the need for predictability in the sector to attract and retain investors.
“The hard truth is that the upstream sector faces imminent collapse if the current trend is not reversed. We must create an enabling environment for investment through policy consistency, transparency, and effective regulation,” he added.
He assured stakeholders that the government is committed to resolving key industry disputes, including the ongoing ENI unitization issue, which has affected Ghana’s international reputation.
As part of efforts to stabilize the upstream sector, Hon. John Abdulai Jinapor emphasised that his office remains open for dialogue, suggestions, and constructive criticism.
“I do not claim to know it all. There is a lot more to learn from you, and together, we can turn this sector around,” he assured industry players.
Speaking on behalf of the Ghana Petroleum Upstream Chamber, the Chief Executive, Mr. David Ampofo expressed confidence in the Minister and his ability to safeguard the fortunes of the industry. He assured him of their support and commitment to reforms aimed at addressing pertinent issues in the sector.
The meeting was attended by 21 industry players, both foreign and local, officials of the Ministry of Energy and Green Transition, GNPC, and Petroleum Commission.
Source: https://energynewsafrica.com
“The petroleum sector, which once showed a promising future, has retrogressed rapidly in recent years, with crude oil production dropping by over 30% with exploration, appraisal, and development are at their lowest since 2017,” he stated.
The Minister in highlighting the importance of the upstream sector to the country’s economy, noted that crude oil contributed about 35% of Ghana’s foreign exchange exports and 20% of domestic revenue in 2022.
He also emphasised the cost-saving benefits of transitioning fully to gas-powered electricity generation, revealing that Ghana spends about $1 billion annually on liquid fuel.
To address the challenges, the Minister announced plans to review the country’s upstream petroleum policies and regulatory framework to ensure fairness, consistency, and transparency. He stressed the need for predictability in the sector to attract and retain investors.
“The hard truth is that the upstream sector faces imminent collapse if the current trend is not reversed. We must create an enabling environment for investment through policy consistency, transparency, and effective regulation,” he added.
He assured stakeholders that the government is committed to resolving key industry disputes, including the ongoing ENI unitization issue, which has affected Ghana’s international reputation.
As part of efforts to stabilize the upstream sector, Hon. John Abdulai Jinapor emphasised that his office remains open for dialogue, suggestions, and constructive criticism.
“I do not claim to know it all. There is a lot more to learn from you, and together, we can turn this sector around,” he assured industry players.
Speaking on behalf of the Ghana Petroleum Upstream Chamber, the Chief Executive, Mr. David Ampofo expressed confidence in the Minister and his ability to safeguard the fortunes of the industry. He assured him of their support and commitment to reforms aimed at addressing pertinent issues in the sector.
The meeting was attended by 21 industry players, both foreign and local, officials of the Ministry of Energy and Green Transition, GNPC, and Petroleum Commission.
Source: https://energynewsafrica.com Angola’s Natural Gas Reserves Soar To 95 Trillion Cubic Feet, Paving Way For Energy Sustainability
Angola’s natural gas resources have been estimated at a staggering 95 trillion cubic feet, with 35.74 trillion cubic feet already discovered and the remaining resources awaiting exploration.
José Barroso, Secretary of State for Oil and Gas, revealed this during the handover of the Quiluma platform to a consortium of oil companies, including Azule Energy, Total Energy, Chevron, and Sonangol Energy.
The country’s natural gas reserves were previously estimated at 5.8 trillion cubic feet in 2023, but the continuous expansion of oil production has led to an increase in natural gas production, currently standing at 2.7 billion cubic feet per day.
The Quiluma platform, located in Zaire Province, has a processing capacity of 1.075 billion cubic feet per day and a production capacity of 5.2 million metric tons of liquefied natural gas and other by-products.
Barroso emphasized the need for strategic, efficient, and responsible management to ensure the sustainable use of this non-renewable resource and promote the well-being of the population.
Angola’s natural gas market has enormous potential, with possibilities for use in liquefied natural gas (LNG), liquefied petroleum, and electricity generation.
The government-approved plan in 2024 aims to establish an investment strategy for projects using natural gas and guarantee energy sustainability at a low cost by replacing more polluting fuels in electricity generation.
Source: https://energynewsafrica.com
African Development Fund Approves $153.66M For Uganda-South Sudan Electricity Interconnection Project
The Board of Directors of the African Development Fund has a massive $153.66 million financing package for an electricity interconnection project between Uganda and South Sudan.
The project, approved on 13 December 2024 in Abidjan will cost a total of $260 million, of which $153.66 million will be provided by the African Development Fund (ADF), the concessional lending arm of the African Development Bank Group.
The ADF provided a loan of $119.21 million to Uganda and a grant of $32.50 million to South Sudan.
The Nile Basin Initiative, of which both countries are members, receives a further $1.95 million grant from the ADF.
The European Union is providing a grant of 48.93 million euros to South Sudan, while the Ugandan government had committed matching funding equivalent to $17.44 million.
The project aims to integrate South Sudan into the East African Power Pool network to address electricity shortages and problems associated with reliability and affordability of electricity supply in South Sudan.
The project will also provide surplus generating capacity on the Ugandan market and will expand electricity trading between Uganda and South Sudan.
The project has five main components. construction of a 299-km electricity interconnection between Gumbo village, near Juba (capital of South Sudan), and Olwiyo in Uganda (149 km in South Sudan and 150 km in Uganda); construction of two new 400/132/33 kV substations, one at Gumbo and the other at Biba on the border with Uganda; and the expansion and upgrading of the Karuma and Olwiyo substations.
Other components include: the installation of distribution networks and 1,000 last-mile connections; project administration and management; capacity building and joint coordination, including a study of the cost of electricity services for South Sudan; and, finally, a resettlement action plan, including the restoration of livelihoods and an action plan for gender equality.
Uganda and South Sudan signed a memorandum in 2015 on the creation of a 400 kV transmission line between Olwiyo and Juba in order to address electricity deficits in South Sudan.
The aim was to provide a clean, reliable and affordable electricity supply to South Sudan while increasing electricity export revenues for Uganda. The memorandum mandated the Nile Equatorial Lakes Subsidiary Action Programme (NELSAP) to coordinate project implementation.
The new interconnection will enable exchange of average 624 GWh of energy between the two countries each year, reducing greenhouse gas emissions and improving access to electricity for 286,710 people in South Sudan.
Project implementation will reduce kilowatt-hour tariffs for end users in South Sudan, in line with the recommendations of a study into the cost of electricity service.
It will also create at least 50 permanent jobs (including 15 for women) and 1,000 temporary jobs (including 300 for women) during the construction and operation phases of the project.
Bhebhe Themba, Country Manager for South Sudan at the African Development Bank, commented: “The project is essential for unlocking business opportunities, catalysing local industry and the production of goods. It will create jobs for young people and women, helping to reduce poverty by strengthening resilience and addressing the main drivers of conflict and fragility in South Sudan, in line with the strategies pursued by the Bank.”
Source: https://energynewsafrica.com
Uganda: President Museveni Commissions Mirama-Kabale Power Transmission Line To Boost Industrialization And Economic Growth
Ugandan President Yoweri Museveni has commissioned the 132KV Mirama-Kabale transmission line, a project set to revolutionize power supply, industrialization, and economic growth in the Kigezi sub-region.
Funded by the Islamic Development Bank, this power infrastructure aims to provide a lasting solution to frequent power outages that have long hindered businesses in Kabale and surrounding districts.
At the commissioning, President Museveni emphasized the substation’s role in supporting the mineral sector and other industries by ensuring a stable and sufficient power supply.
“With Kigezi’s rich mineral deposits, this power project will drive industrialization and create jobs through value addition,” he noted.
Energy Minister Ruth Nankabirwa highlighted the government’s investment of Shs300 billion in establishing the transmission line, with an additional Shs45 billion allocated for land compensation.
The project, completed within 18 months, guarantees a more stable electricity supply for the region.
State Minister of Finance Henry Musasizi stressed that the new substation would eliminate power shortages, giving investors confidence to establish factories without concerns over electricity access.
This development aligns with Uganda Electricity Transmission Company Limited’s (UETCL) efforts to expand power infrastructure across the country, as part of the government’s Vision 2040 and National Development Plan III.
With the Mirama-Kabale power line, the people of Kigezi can expect a significant boost in economic opportunities, reduced power outages, and improved living standards.
Source: https://energynewsafrica.com
“With Kigezi’s rich mineral deposits, this power project will drive industrialization and create jobs through value addition,” he noted.
Energy Minister Ruth Nankabirwa highlighted the government’s investment of Shs300 billion in establishing the transmission line, with an additional Shs45 billion allocated for land compensation.
The project, completed within 18 months, guarantees a more stable electricity supply for the region.
State Minister of Finance Henry Musasizi stressed that the new substation would eliminate power shortages, giving investors confidence to establish factories without concerns over electricity access.
This development aligns with Uganda Electricity Transmission Company Limited’s (UETCL) efforts to expand power infrastructure across the country, as part of the government’s Vision 2040 and National Development Plan III.
With the Mirama-Kabale power line, the people of Kigezi can expect a significant boost in economic opportunities, reduced power outages, and improved living standards.
Source: https://energynewsafrica.com IEA Predicts Strong Global Electricity Demand Growth
Global demand for electricity is set to grow at an annual rate of 4% in the years to 2027, the International Energy Agency has forecast in a new report, noting this would be the fastest growth rate in recent years.
“The surge is primarily driven by robust growing use of electricity for industrial production, increased demand for air conditioning, accelerating electrification, led by the transport sector, and the rapid expansion of data centres,” the International Energy Agency said. The agency then went on to say that most of this stronger demand growth will come from developing nations, estimating their contribution to the total at 85%. The sure, unsurprisingly, will be led by China, whose electricity demand has been growing faster than its economy since 2020, the IEA said. In China, electricity demand last year grew at a rate of 7% and the annual growth rate through 2027 could average 6%, the report said, noting that the strong growth in recent years was driven by the industrial sector and more specifically “the rapidly expanding electricity-intensive manufacturing of solar panels, batteries, electric vehicles and associated materials.” “The acceleration of global electricity demand highlights the significant changes taking place in energy systems around the world and the approach of a new Age of Electricity. But it also presents evolving challenges for governments in ensuring secure, affordable and sustainable electricity supply,” IEA chief Fatih Birol said in comments on the data. The IEA is adamant in its predictions that the electrification of transport driven by energy transition policies is going without many hitches and will fuel a surge in overall electricity demand but there is reason to take these predictions with a pinch of salt. China, the world’s biggest electric car market, for one, is seeing a decline in EV sales in favor of hybrids, while other pro-transition governments have been struggling to get their EV domination plans off the ground. Source: Oilprice.comUAE’s ADNOC Signs Up To $9-Billion LNG Supply Deal With Indian Oil
ADNOC Gas, a unit of Abu Dhabi’s national oil company, has signed a 14-year agreement worth $7 billion-$9 billion to supply LNG to Indian Oil Corporation starting in 2026.
Under the deal, ADNOC Gas will export up to 1.2 million tonnes per annum (mtpa) of liquefied natural gas to India’s largest integrated and diversified energy company.
The agreement is valued in the range of $7 billion to $9 billion over its 14-year term, and signifies a major step forward in the partnership between the two industry leaders, the UAE company said in a statement.
The LNG will be supplied from ADNOC Gas’ operating Das Island liquefaction facility, which has a production capacity of up to 6 mtpa.
“As a reliable and responsible supplier of lower-carbon gas, ADNOC Gas looks forward to supporting India’s plans to make gas 15% of its primary energy basket by 2030,” ADNOC Gas chief executive Fatema Al Nuaimi said.
ADNOC Gas has signed a series of long-term LNG supply deals in recent years as part of its strategy to expand its customer base.
India, for its part, is expected to see its natural gas consumption triple by 2050 amid industry expansion and rising oil refining, the U.S. Energy Information Administration (EIA) said last year.
As India sees fertilizers as a critical industry for its agricultural sector, and as steelmaking and construction are booming to meet the growing economy and population, natural gas demand will continue to rise.
India’s domestic production, although it has increased over the past two decades, will not be enough to meet growth in demand. So the country will have to rely on more LNG imports, considering that it lacks pipeline connections with major gas producers such as Russia or the Gulf petrostates.
India’s natural gas demand is set to jump by 60% by 2030, supported by an upcoming global LNG supply wave, a new report by the Paris-based International Energy Agency (IEA) showed this week.
Source: Oilprice.com
Ghana: Karpower Vows To Shut Down 470 MW Plant Over $379 Million Debt
Karpower Ghana Limited, the second largest independent power producer in the Republic of Ghana, has threatened to suspend power generation if the Electricity Company of Ghana (ECG) fails to settle a debt of $379 million as soon as possible.
The company operates a powership with a capacity of 470 MW located at Aboadze in the Western Region.
Last Monday, officials of Karpower Ghana Limited met with the new Minister for Energy and Green Transition, John Abdulai Jinapor, at the Ministry during which they notified government about the rising indebtedness to them by ECG.
The company’s official told the Minister that they would not be able to continue to operate if the debt was not settled immediately.
In response, Minister John Jinapor appealed to the barge’s operators to exercise restraint while the new administration explored alternatives to settle the bills.
Ghanaian authorities should not underestimate the ability of Karpower Ghana to shut down its operations over the huge debt.
In January 2024, the Turkish company which operates powership in Sierra Leone and supplies power to Freetown, capital of Sierra Leone, suspended power supply over $30 million debt.
The power situation in the West African nation forced Energy Minister Alhaji Kanja Sesay to resign from post.
Should Karpower Ghana shut down its operations, it will likely lead to load-shedding management.
Ghana’s energy sector is facing a critical challenge with its debt burden escalating to over $3 billion as of January 12, 2025.
The IMF has raised several red flags cautions, urging the Government to undertake far-reaching reforms to save the energy sector from imminent collapse.
Source: https://energynewsafrica.com
Ghanaian authorities should not underestimate the ability of Karpower Ghana to shut down its operations over the huge debt.
In January 2024, the Turkish company which operates powership in Sierra Leone and supplies power to Freetown, capital of Sierra Leone, suspended power supply over $30 million debt.
The power situation in the West African nation forced Energy Minister Alhaji Kanja Sesay to resign from post.
Should Karpower Ghana shut down its operations, it will likely lead to load-shedding management.
Ghana’s energy sector is facing a critical challenge with its debt burden escalating to over $3 billion as of January 12, 2025.
The IMF has raised several red flags cautions, urging the Government to undertake far-reaching reforms to save the energy sector from imminent collapse.
Source: https://energynewsafrica.com India’s Adani Pulls Out Of $1-Billion Sri Lanka Wind Power Deal
Adani Green Energy, the renewables arm of India’s Adani Group, is withdrawing from a planned wind power project in Sri Lanka that would have seen $1 billion in investments, due to disagreements over the power purchase price.
Adani Green Energy has secured most of the permits for the wind power farms at Mannar and Pooneryn, including transmission lines.
But a new government of Sri Lanka has signaled it wants to renegotiate the tariffs previously agreed, seeking a lower purchase price.
Sri Lanka aims to reduce the purchase price to $0.06 per kilowatt-hour (kWh) or less, from the $0.08 previously proposed.
The government in Colombo has set up a committee to renegotiate the price, Adani Green Energy said it has learned.
Adani Green Energy Ltd wrote in a letter to Sri Lanka’s Board of Investment that it would “respectfully withdraw” from the wind project.
“It was learned that another Cabinet appointed negotiations committee (CANC) and Project Committee (PC) would be constituted to renegotiate the project proposal,” the Indian renewable energy firm said in the letter.
“This aspect was deliberated at the Board of our company and it was decided that while the company fully respects the sovereign rights of Sri Lanka and its choices, it would respectfully withdraw from the said project.”
Adani Group remains open to opportunities in Sri Lanka, it noted.
Sri Lanka and other countries in November began more intense scrutiny of the projects and investments proposed by companies of the Adani Group after the U.S. authorities launched investigations into Adani executives for corruption.
The U.S. Attorney’s Office for the Eastern District of New York and the Securities and Exchange Commission (SEC) have separately charged executives of the Adani group of companies, including billionaire founder Gautam Adani – one of the world’s wealthiest people – of having offered bribes to Indian government officials to secure solar energy contracts and concealing the bribery scheme while obtaining funds from U.S. investors.
Source:Oilprice.com